Property Management services in Australia

Many property investors in Australia struggle with self-management and hiring a dedicated property manager in the real estate market.

Property management in Australia involves marketing properties, tenant screening and selection, ongoing management and reporting and expert support.

Managing a property in a city like Sydney is a difficult task, to overcome these difficulties many real estate companies offer property management services to look after your property. Property managers understand how the market will impact your investment and how to improve the yield from your property.

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Hire a property manager to mitigate investment risks

Consider hiring a property manager of good repute, if you can’t afford to take unnecessary risks with self-management.

Timely repair and regular maintenance

A manager will ensure your property is maintained regularly and kept attractive for new tenants. Repair, restoration and maintenance tasks will be carried out promptly to help increase the value of your property. Though no one may be living at the property, the walls or roof of the property could be leaking, so water proofing has to be done. Similarly, the plumbing system will require periodic repairs due to clogged drains, leaking taps or pipes. There may be a short circuit problem with the electrical power supply and the property managers will arrange for a skilled electrician to repair the problem.

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Attracting new tenants

A manager can help you market and advertise the property better to attract prospective tenants. He or she will be present at all open house inspections as your representatives and help you secure tenants with good renting history.

Managing relationships

A manager will be able to resolve conflicts faster and better, because of the overall involvement in overseeing the property. Cordial relationships and constant contact between the tenants and your manager will also help make the business relationship more profitable and risk free. Property managers arrange that the bills are collected and paid in time. While local residents can negotiate a good deal with a manager,for property owners who are not in Sydney, it is important to find a reliable company to hire instead.

Compliance with state laws and audit requirements

It’s the job of the property manager to stay up to date with the latest in state and federal investment laws and regulations. Further, your manager will know the local movement of rental prices and trends, allowing you to make changes in your offer appropriately.

Property Management services ensure that the landlord is informed at all times and assisted in the decision making process. It is the role of property managers to protect the clients’ peace of mind and treat property with same care and diligence as their own.

To find out more goto www.sevenrealestate.com.au.

How to manage an interior design project

Project management covers the nitty-gritty, the planning, the organisation, so it isn’t all fun and games, but it’s an essential part of interior designand there’s nothing like the feeling of implementing a plan to create something new and beautiful.

Project management services are ideal if you are embarking on a full refurbishment project involving trades and time constrictions.

Make sure you’re on the same page

If you’re coordinating separate contractors (joiner, plumber, electrician etc), then it would be worth indicating who’s responsible for each task. Give a complete copy of the specification to all of them, so they’re all aware of what the others are doing as well as themselves. Discuss the specification with your contractors, as they may be able to provide help and advice. A schedule is also useful, so you can keep track of progress and everyone knows who’s going to be on site on which day.

With prior knowledge that a partition wall will feature some lighting, for instance, the builders will know to leave the stud frame open for the electrician to run the wires through before it’s boarded up and plastered over. Trying to feed wires through after the fact is much harder, takes longer and risks unnecessary damage.

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Plan like a pro

Definitely finalise your design before starting any work, rather than trying to do it as you go along. The process will be much more enjoyable without constant deadlines presenting themselves, and if you haven’t planned, you might find your options restricted based on work that’s already taken place.

Take a couple of weeks to put it all together, write your specifications, draw up the plans, get everything ready and make all the decisions before proceeding. This will save you time and money along the way and significantly reduce stress levels during the project.

This clever design features well-thought-out lighting and bespoke joinery. Careful consideration would have been given to where to position the sockets, radiators, lights, switches and all the other details

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Stand by for decisions, decisions…

Your builder will present many questions and decisions to you along the way. Which tiles do you want on the walls? Where do you want these wall lights? What colour do you want on the skirting boards?

Your best bet will be to try to pre-empt as many of these decisions as possible and have the answers ready, or, even better, provide the information in advance. Making these decisions under pressure can lead to impulse moves you may regret later. On the other hand, taking too long could hold up the project, costing you time, money and the patience of your builder. No one wants an unhappy builder.

Inevitably, there will be some questions you couldn’t have anticipated, but if you communicate well with your builder, they should – where possible – give you time to make a decision without holding up the project. Don’t be afraid to ask their opinion on the best course of action, but don’t feel pressured to compromise on the design if you don’t want to.

Give yourself time to deliver

This is one of the classic pitfalls, so take note. When pulling your design ideas together and deciding on which products and materials to use, make a note of the lead times. Many pieces of furniture are made to order and can have lead times of up to 12 weeks, sometimes longer. Similarly, tiles and natural stone can take much longer than expected to arrive and products from abroad can encounter hold-ups during transit.

This chandelier was custom-made for the project and looks fantastic. This is no last minute, off-the-shelf, next day delivery job. It can be a huge shame if you’ve spent hours, days, weeks choosing the perfect product, but when you come to order it, you find it will take too long to be delivered, perhaps time you can’t afford. Then you have to decide whether to hold up the work or pick something else based on the fact it can be delivered quickly.

Be prepared in advance for an unpredictable situation

Even with the very best of intentions, there will almost always be issues that arise during your project that you couldn’t have predicted. So it’s a good idea to factor in a 10% contingency within your budget for these matters, especially with old buildings. Who knows what condition the walls are in behind those kitchen cabinets before you rip them out? Or what might be lurking underneath that carpet when you pull it up?

In these situations, it’s important to expect the worst and don’t let it throw you off your game. You are a project manager extraordinaire and you’ve totally got this. Just accept these things happen, find out what the options are and make a decision. Your contractor will be able to advise on what to do, so harness their expertise and trust them to help you find the right solution.

To learn more click here.

Best Interior Design Tips for New Home Owners

Think Carefully about paint

Top of the checklist of things to do before moving into a new home is to contemplate paint. Among other things, this means deciding whether you’re happy with the colour scheme of the rooms as is or if you’d prefer a total re-do, and thinking about whether you’d like to continue the same paint combo through the entire house or cater to the bedrooms and living space separately.

Don’t be too economical

For the aspects of the home that form the basis of your design aesthetic – architecture, designer furniture, beloved art pieces – it’s better not to skimp on money. These are parts of your house that you want to be there forever, so plan your foundation first, and switch out more trendy objects as and when fashions change.

Look outside for inspiration

If you want it to, setting can make a massive difference to your home interior design plans. We’re not just talking about wall paint; importing some flora from outside or reproducing images of local wildlife and nature scenes will firmly ground your home in its environment.

Design for comfort

It’s all well and good to idealise the sleek, hard-edged interiors that you see in glossy magazines, but you’ll quickly discover that in practice these designs can often make for uncomfortable living. This doesn’t mean that you can’t have beautiful interiors at all: it just means that you won’t be able to choose look over comfort where storage, surfaces, and furniture arrangement are concerned.

Don’t be overly cautious

Yes, there are some important things to consider when ticking off your checklist for moving into a new home, but it’s also possible to second-guess your ideas so much that you scare yourself away from anything that’s not beige. It’s invigorating being a home designer: take advantage!

Reign in the colour palette

We’re all acquainted with examples of interiors ruined simply because their designer got a little too enthusiastic about their preferred colour combo. Judiciously picking two or perhaps three colours will allow you to also furnish and decorate the room without things getting garish.

Plan around your space

It’s common to plan around objects, but to avoid over-cluttering it’s best to plot your interior home decoration around the space you have to work with. Understanding that you have a small amount of floor space, for example, will encourage you towards a light colour palette and reflective surfaces in a bid to open the room up.

Consider cultural pieces

A home interior is no place for impersonality; if you have strong cultural ties yourself or have come to covet a culture you’ve come into contact with abroad, then don’t hesitate to represent it in your home.

Never underestimate the power of DIY

Any old pieces of furniture, ceramics, or fabrics? Give them a spruce – repaint and varnish, reframe, or repurpose – and they’ll fit your theme perfectly. Interior designing is an expensive business, so if you can save a penny or two by making use of what you already own, then the advantage is all yours.

Lighting, lighting, lighting

It’s easy to overlook the humble old light when you’re planning more extravagant room features, but the truth is that lighting is the most integral facet of any room. Whether it’s an ornate chandelier or an industrial-style hanging light, this is the atmosphere-creating finishing touch that you won’t want to miss.

Colour pyschology: Learn the language

When talking about colour in interior design, we often talk about how a colour makes us feel, but rarely do we understand the reasons behind the decisions we make.

The wonderful thing about colour psychology is that, once you know the basics, you can intentionally make decisions about what mood you desire a room to have then actively fulfil that desire.

The good news is that it’s not an exact science, so there’s no ‘getting it wrong’ and you can have a bit of fun with it along the way.

That said, we apparently share some of the same basic responses to colour and this can be quite a powerful tool for interior designers not only when decorating homes, but when deciding colours for offices and shops.

Interestingly (and this makes sense at a gut level), we experience our lives in colour which means using a particular colour can bring back memories and feelings – both good and bad.

 

So while you can use blanket ‘rules’ in common areas and the public domain, in your own home you are free to do whatever is right for you and your family.

For example, if pink means ‘tranquility’ to the wider populace but it makes you want to puke, don’t force it upon yourself in the name of psychology.

For a deeper appreciation of how colours influence people, check out this wonderful infographic Language Of Colours created by The Farthing.

It neatly illustrates popular colours for interiors, the effect of room colour on mood and the different colour preferences of men and women.

Before choosing colours for your own home, rather than making assumptions, talk to your partner and your family first. Consider using this Language Of Colours infographic as a conversation starter.

Rather than asking the standard ‘What colour do you like?’ instead ask ‘How do you want to feel in this room? Calm? Energised? Safe? Daring?’